In a bank's balance sheet, deposits are

assets, because the bank holds the moneyCorrect answerYour answerincome of the bankCorrect answerYour answerliabilities, because the bank owes them to depositorsCorrect answerYour answercapital of the bank's ownersCorrect answerYour answer

Show the answer and explanation

CorrectNot quiteAnswer C

Correct answer: C

Deposits must be repaid on demand or at maturity, so they are liabilities.
Reserves and loans are the bank's assets.

Concept: Bank balance sheet
Typical timeTypical: 70 s
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The rule this testsWhat commercial banks do

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In a bank's balance sheet, deposits are

Explanation